Rhode Island General Laws 27-25-28. Examination of societies – No adverse publication
Current as of: 2024 | Check for updates
|
Other versions
(a) The commissioner of insurance, or any person he or she may appoint, may examine any domestic, foreign, or alien society transacting or applying for admission to transact business in this state in the same manner as authorized for examination of domestic, foreign, or alien insurers.
Terms Used In Rhode Island General Laws 27-25-28
- Laws: means the society's articles of incorporation, constitution, and bylaws, however designated. See Rhode Island General Laws 27-25-4
- person: may be construed to extend to and include co-partnerships and bodies corporate and politic. See Rhode Island General Laws 43-3-6
- Society: means fraternal benefit society, unless otherwise indicated. See Rhode Island General Laws 27-25-4
(b) The expense of each examination and of each valuation, including compensation and the actual expense of examiners, shall be paid by the society examined or whose certificates are valued in accordance with the laws of this state governing the examination of life insurers.
History of Section.
P.L. 1984, ch. 201, § 2.